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Associated Estates Stock Falls On Unusually High Volume (AEC)

Associated Estates Realty (NYSE:AEC) is trading at unusually high volume Friday with 2.1 million shares changing hands. It is currently at 6.7 times its average daily volume and trading down 37 cents (-2.5%).

NEW YORK ( TheStreet) -- Associated Estates Realty (NYSE: AEC) is trading at unusually high volume Friday with 2.1 million shares changing hands. It is currently at 6.7 times its average daily volume and trading down 37 cents (-2.5%) at $14.55 as of 10:05 a.m. ET.

Associated Estates has a market cap of $646.1 million and is part of the financial sector and real estate industry. Shares are down 6.5% year to date as of the close of trading on Thursday.

Associated Estates Realty Corporation is an independent real estate investment trust. The firm invests in the real estate markets of the United States. It specializes in owning and managing apartment communities in the Midwest, Mid-Atlantic and Southeast regions of the United States.

TheStreet Ratings rates Associated Estates as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, poor profit margins and a generally disappointing performance in the stock itself. You can view the full Associated Estates Ratings Report.